The use of inside information is illegal in the United States. Inside information is stock-related information that can be obtained in numerous ways to achieve large and abnormal gains in the stock market. A popular way to gather inside information is to obtain it from direct employees of the company. Stock information may be illegal or legal. If the information is made public for all current or future investors, it is not illegal. Illegal information becomes illegal when it is privatized from the public and used only by investors in the stock market. The use of inside information is not considered illegal as long as the information is not used on a stock exchange located in the United States, most commonly the New York Stock Exchange or NYSE. Investors should not have to worry about whether the information provided to them is illegal. The government should instead show leniency and abolish the law that prohibits investors from using inside information. Investors must come together to protest Congress. If we abolish the law that prohibits investors from using inside information, then the economy in general will grow thanks to the freedom granted by the government. Both Milton Friedman and Adam Smith had similar ideas of laissez-faire, called “laisser-faire.” whether it's the economy. Laissez-faire is a theory that opposes any government interaction in commercial matters. Friedman, an American economist, statistician and writer who taught at the University of Chicago, believed that "a laissez-faire government policy would be more desirable than government intervention in the economy" (New World Encyclopedia). Friedman believed in a laissez-faire government policy because he assumed it would help businesses...... middle of paper ...... JR "Why legalizing insider trading would be a disaster." Delaware Journal of Corporate Law 38.1 (2013): 247-73. ProQuest. Internet. March 21, 2014. Friedman, Milton. “Capitalism and freedom”. Chicago: The University of Chicago Press, 1962. eBook. Jagolinzer, Alan D. "SEC Rule 10b5-1 and Insiders' Strategic Trade." Management Sciences 55.2 (2009): 224-39. ProQuest. Internet. March 21, 2014. Matthews, Dylan. "Insider trading enriches and informs us, and could prevent scandals. Legalize it..." The Washington Post July 26, 2013: n. page. Print."Milton Friedman." - Encyclopedia of the New World. Np, November 19, 2013. Web. May 3, 2014. .Sabino, Anthony Michael and Michael A. Sabino. “From Chiarella to Cuban: the continuing evolution of insider trading law.” 2011.Web.Smith, Adam. Wealth of nations. New York: 1776. eBook.